Australia and Oceania: Crude Granite Market 2024

Crude Granite Market Size in Australia and Oceania

After three years of decline, the crude granite market in Australia and Oceania increased by 12% to $X in 2022. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -32.3% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Crude Granite Production in Australia and Oceania

In value terms, crude granite production rose sharply to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -32.3% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 79%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Crude Granite Exports

Exports in Australia and Oceania

In 2022, crude granite exports in Australia and Oceania dropped sharply to X tons, shrinking by -43.2% compared with the previous year. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by 116%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, crude granite exports shrank markedly to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 193%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Australia (X tons), together reaching 100% of total export.

Australia was also the fastest-growing in terms of the granite (crude) exports, with a CAGR of -7.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest crude granite supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled -5.9%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by 19% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude granite export price decreased by -29.1% against 2018 indices. The growth pace was the most rapid in 2017 when the export price increased by 54%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +2.0% per year.

Crude Granite Imports

Imports in Australia and Oceania

Crude granite imports fell to X tons in 2022, which is down by -6.9% compared with the previous year's figure. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 174%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, crude granite imports expanded rapidly to $X in 2022. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of 160%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Australia dominates imports structure, resulting at X tons, which was approx. 89% of total imports in 2022. It was distantly followed by New Zealand (X tons), constituting a 6.4% share of total imports. Marshall Islands (X tons) held a little share of total imports.

Australia was also the fastest-growing in terms of the granite (crude) imports, with a CAGR of +17.6% from 2012 to 2022. New Zealand (-4.1%) and Marshall Islands (-37.0%) illustrated a downward trend over the same period. While the share of Australia (+28 p.p.) and Marshall Islands (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Zealand (-27.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported granite (crude) in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports.

In Australia, crude granite imports increased at an average annual rate of +19.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+1.9% per year) and Marshall Islands (-37.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Marshall Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.3%).

Source: IndexBox Platform

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